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littleadv
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Capital impruvementimprovement and depriciationdepreciation in restaurant LLC

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Capital impruvement and depriciation in restaurant LLC

I opened a restaurant and I used a sizable capital to get it up and running including upgrades to the place like plumbing, electricity, hood, etc. I bought equipment for cooking and operating the place, paid architect and different subcontractors. I also payed different fees - legal, licenses, etc.

I have a couple questions about accounting - should all the money I spent be a part of capital spending? Or is it just a part of it?

If it is all capital spending before I open the place, can I depreciate it over time as I start doing business? Or should I start depreciating it immediately each month?

It took me about a year to open the restaurant, so at the beginning I was just spending money and had no income.

Our company is LLC if this matters.